Top 10 Franchise Business Ideas - WEXT India Ventures

If you are an entrepreneur and you want to start your own business at a low cost; A Franchise is a great way to start. There are many advantages of the franchise than the business. Such as lower failure rate than solo business, your risks of growth are high, it helps a business owner a lot, especially if he hasn’t previous business experience. The biggest positive attribute of a franchise business is venturing into an already established business. Therefore here I have conducted top 10 franchise business ideas for you.

What is Franchise Business?

Starting a company’s branch in your city by using a company’s brand name is called a franchise. For this, you have to agree with that company and pay some of its charges.

Following that, you can start a franchise in that company’s name and start your business by using that company’s brand. It is a way of doing business, the price, and technology set by it.

Best New Franchise Business Ideas In India

Investing in a franchise depends on the area in which you want to invest and your budget.

Let us know about some ten such sectors where you can earn good money by taking a franchise even on a low budget –

1. Health & Fitness

Health & Fitness is one of the best franchise business ideas in India. In the name of any suitable medical company in your city, you can create a pharmacy, clinic, or gym franchise. This necessitates the location of the business in a market or a clean environment.

There are a few instances of this industry where you can invest and start a business –

Ideas	Investment	Space(sq ft)
Pharmacy	10-20 lakh	300-400
Diagnostic Centre	3-5 lakh	250-400
Saloon Spa	35-40 lakh	600-800
Gym	35-40 lakh	1500-2500

2. Food Center

In this, you can take a coffee shop or restaurant franchise. Then, to expand your company chances, you can open them in any school, institution, or office.

You can use these ideas in the food business –

Ideas	Investment	Space(sq ft)
Coffee Shop	5-10 lakh	200-700
Ice Cream Parlour	10-15 lakh	250-400
Take-aways	5-10 lakh	100-300
Restaurants	10-20 lakh	200-500

3. Garments & Footwear

Garment & Footwear is one of the most profitable Franchise ideas for 2021. The fashion market is changing very fast, in which the most impact falls on the clothes.

Therefore, if you take a franchise of a big famous brand and put it in an area or market where the competition is low, you can earn a lot of money from it.

Ideas	Investment	Space(sq ft)
Readymade Garments	40-50 lakh	1500-2000
Ethnic Wear	10-15 lakh	400-1000
Footwear	30-40 lakh	800-1200
Restaurants	10-20 lakh	200-500

4. Education

In the sphere of education, business is advancing daily. You can take franchisees in various industries such as schools, coaching centers, and training centers.

The most crucial aspect of this is that education should be of higher quality because it is meaningless.

Coaching Center

Franchisees can range from high school students to firms specializing in engineering, medicine, or management –

Investment: 2-5 lakh

Space: 1,000-4,000 sq ft

Skill Development Center

In this, you can take a franchisee providing training in Computer Training, Handicraft, Repairing or English Speaking –

Investment: 50,000-5 lakh

Space: 4000-600 sq ft

Vehicle Training Center

From young to old, today everyone wants to drive a car or bike, then teaching people to drive a vehicle can also become your source of income.

Investment: 20-45 lakh

Space: 3000-6,000 sq ft

5. Retail Business

Retail business is also one of the most profitable new franchise ideas. There are a lot of brands in the market that sell their goods to people by networking or chain systems. From food items to everyday needs, the retail sector is fulfilling today.

In this, you can open many franchises like Brand Outlet, Grocery Store, or Supermarket.

FMCG

In FMCG sector, you can take a franchise of a company selling household items –

Investment: 10-20 lakh

Space: 200-400 sq ft

Supermarket

Easy Day and D Mart have proved that even in today’s online era, millions can earn millions from supermarket franchises –

Investment: 40 lakh – 1 Crore

Space: 1500-10000 sq ft

Consumer Electronics and Appliances

In this, you can take a franchise of a company making electric goods for the home, as well as you will be able to earn money by giving good service of electronic products –

Investment: 20-30 lakh

Space: 1500-2000 sq ft.

6. Garage & Service Center

The Service Center or Garage should be open and spacious, and it would be better to reach there easily. You can take the franchisee of Car, Bike, or Commercial vehicle service or parts, engine oil, tire company.

Car Wash

You can also open Car wash garages in small spaces and with less investment. This franchise is top-rated, particularly in metropolitan cities –

Investment: 15-25 lakh

Space: 1500-2500 sq ft

Service Center

You can take Franchises of vehicle companies, where you can open their Authorized Service Center –

Investment: 5-15 lakh

Space: 1500-3500 sq ft

Spare Parts Outlet

Investment: 15-20 lakh

Space: 500-700 sq ft

7. Hotel & Tourism

Hotel & Tourism is one of the most popular and evergreen new business franchise ideas in India. The franchisee for the hotel should be near a tourist spot, or the means of transport should also be available. Because this entire business is based on Franchisee Service, so your services should be better.

Travel Agency

There are enormous opportunities for business in transport. You can take franchisees of companies providing holiday or tour packages –

Investment: 20-50 lakh

Space: 400-700 sq ft

Hotel And Resort

Hotel or resort companies also give franchisees. The emergence of online enterprises in this field has dramatically expanded business potential.

Investment: 50 lakh-2 crore

Space: 2500-5000 sq ft

Taxi And Rental

You can start a Rental Taxi Service because several Online Cabs Companies in the sector provide taxi franchises.

Investment: 15-30 lakh

Space: 500-1000 sq ft

8. Automobiles

A significant amount of room is required to open a franchise in this area. You can go to a car, motorcycle, or commercial vehicle showroom or dealership. For this, the franchisee must be in a residential area.

Bike Showroom

Almost all the bike companies present in the market offer franchises –

Investment: 30-60 lakh

Space: 800-1000 sq ft

Car Showroom

For franchisees of domestic or foreign automobile manufacturers –

Investment: 30-90 lakh

Space: 1200-2000 sq ft

Commercial Vehicle

You can also do business by taking franchise of commercial vehicles like Truck, Tractor, Pick-Up Van –

Investment: 30-50 lakh

Space: 1200-2000 sq ft

9. IT Services

To take a franchise of Software, Advertising Agency, or Investment companies, you must have a place in the market or urban area.

Investment: 5-25 lakh

Space: 500-1500 sq ft

Advertisement And Media

You can also make money by promoting your client’s products or services –

Investment: 5-15 lakh

Space: 500-1500 sq ft

Logistics

In this, it is also beneficial to take the franchise of Courier or Delivery service. You can carry the business forward with better network and time management–

Investment: 10-30 lakh

Space: 500-700 sq ft

Consultancy

You can profit from a firm by giving workforce to them —

Investment: 5-15 lakh

Space: 500-1500 sq ft

Financial

You can do business of franchise of a company investing in stock or commodity market –

Investment: 5-10 lakh

Space: 500-1000 sq ft

10. Dealers & Distributors

You can go with a reputable company’s dealership. For this, you have to sell the company’s products. Taking a franchise in this sector is very beneficial as well as you can start its work at your home or anywhere from Godown itself.